
News Update
26 Feb 2025
Advantage Assam 2.0: Govt announces Rs 4800cr to transform inland waterways
Union Minister Sarbananda Sonowal announced an investment of over Rs 4,800 crore over the next five years to boost Assam’s inland waterways sector. This includes a Centre of Excellence for Maritime Skill Development, which will train over 5,000 youths annually. The investment aims to harness Assam’s river systems, like Brahmaputra and Barak, to drive economic growth. Sonowal emphasized that inland waterways are an efficient, eco-friendly transport mode and critical for realizing Prime Minister Modi’s vision of a "Viksit Bharat" by 2047.

17 Feb 2025
Maersk & Cochin Shipyard partner to explore ship repairs & shipbuilding activities in India
A.P. Moller - Maersk and Cochin Shipyard Limited have signed a Memorandum of Understanding to explore collaboration in ship repair, maintenance, and building in India. This partnership supports India's Vision 2047 maritime objectives and recent Union Budget 2025-26 announcements aimed at positioning India among the top five global maritime hubs. With global ship repair yards facing capacity constraints, Maersk will utilize its global fleet expertise to enhance CSL's capabilities, focusing on container ship maintenance, repair, and drydocking, marking a key step toward making India a premier maritime service center.

12 Feb 2025
Adani Ports targets 3x international growth by 2029-30, expands capacity at key ports
Adani Ports and Special Economic Zone aims to triple its international operations by 2029-30, with major investments planned in Israel, Tanzania, and Sri Lanka. The company is focusing on enhancing capacity at key domestic ports while targeting new acquisitions abroad. This strategy is expected to significantly boost APSEZ's international revenue and cargo handling efficiency. By expanding both its domestic and global footprint, APSEZ aims for substantial growth and strengthened presence in the international logistics and port management sector.

7 Feb 2025
Cargo handled at India’s major ports surges to 819 million tonnes
Cargo handled at India’s major ports grew from 581.34 million tonnes in 2014-15 to 819.23 million tonnes in FY 2023-24, achieving a 3.5% CAGR. The cargo mix in 2023-24 was 33.80% liquid bulk, 44.04% dry bulk, and 22.16% container cargo, as informed by Minister Sarbananda Sonowal in the Rajya Sabha. Continuous infrastructure development includes new berths, terminal mechanisation, and road-rail connectivity. Vadhavan Port in Maharashtra is set for development as a mega container port. The total cargo across all ports increased from 1,247.72 million tonnes in 2020-21 to 1,540.23 million tonnes in 2023-24.

1 Feb 2025
Union Budget: Shipbuilding gets a boost as FM announces Rs 25000 cr maritime development fund
In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced the inclusion of large ships above a specified size in the infrastructure harmonised master list. This move supports Prime Minister Modi’s 'Make in India' vision for shipbuilding. Additionally, a Rs 25,000 crore Maritime Development Fund will be created to promote long-term financing, with up to 49% government contribution. The fund aims to boost indigenous shipbuilding and infrastructure projects, enhancing competitiveness and attracting private investments, according to Rizwan Soomar, CEO of DP World.
